430 Main Ave Norwalk, CT 06851
- Investment properties
- 34,583 SF
- 1.52 lot acres
Current Use by Public Records
- Angel Reflexology / Alternative Medicine Practice / Spa & Massage Center
- Studio Arte / Association / Organization
- The Next Street Driver Rehabilitation Services / Social Service Agency
- Sai LLC / Business Management Consultant
- Rejuve Therapeutic Massage LLC / Alternative Medicine Practice / Spa & Massage Center
Property Details for 430 Main Ave
- Year built
- 1990
- Construction
- STEEL FRAME
- Lot size
- 1.52 lot acres
- Property size
- 34,583 SF
- Zone code
- B2
- Property type
- Investment properties
- Property subtype
- Live-work space
- APN
- NORW M:5 B:22B L:11
- APU
- NORWM5B22BL11
Description
This three-story, 34,583 square-foot retail and office building in Norwalk, CT, offers exceptional leasing opportunities. Located at a signalized intersection on Main Avenue, the property boasts 220 linear feet of frontage and two curb cuts, ensuring high visibility and accessibility. The 1.52-acre site provides 75 shared parking spaces for tenants and customers. Currently, three spaces are available: a divisible 2,380 square-foot retail unit (previously $35/RSF NNN, now $30/RSF NNN), and two second-floor office spaces, one at 1,100 square feet and another 950 square-foot unit (available January 2025). Both office spaces are leased at $25/RSF NNN (previously $27.27/RSF NNN). The building features prominent monument signage and additional signage along Main Avenue. This prime location is across from the revitalized Merritt 7 Corporate Park, near over 2,000 new apartments, and within easy reach of major roadways including the Merritt Parkway (Exit 40), Route 7 connector, and I-95. Nearby amenities include Walmart, Stop & Shop, LA Fitness, and several hotels. The minimum leasable space is 1,100 square feet, with a maximum contiguous space of 2,380 square feet. The building was constructed in 1992 and is zoned General Urban Corridor Community District (CD-3C). The building has 14 total suites. Currently, 3,480 square feet of space is vacant.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $5,975,000
- ML approach
- $6,075,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $7,127,000
Market price range: $6.18M - $10.9M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $8,350,000 Current use
- RESTAURANT
- $8,885,000 Change: +6% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $8,080,000 Change: -3% Conversion: Difficult
- OFFICE BUILDING
- $7,490,000 Change: -10% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Norwalk
- County
- Fairfield
- State
- Connecticut
- Longitude
- -73.4257
- Latitude
- 41.1478
- CBSA code
- 14860
- CBSA name
- BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA